Gold rises on high inflation data

By MG News | March 11, 2022 at 02:21 PM GMT+05:00

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March 11, 2022: Gold futures on the COMEX division of the New York Mercantile Exchange rose on Thursday as investors reacted to higher consumer price index data.

The most active gold contract for April delivery rose 12.2 U.S. dollars, or 0.61 percent, to close at 2,000.4 dollars per ounce.

The U.S. Labor Department reported on Thursday that U.S. consumer price index, a barometer of inflation, increased by 0.8 percent in February, or 7.9 percent year over year, the highest growth since January 1982.

Silver for May delivery rose 44 cents, or 1.7 percent, to close at 26.256 dollars per ounce. Platinum for April delivery fell 12.4 dollars, or 1.12 percent, to close at 1,095.2 dollars per ounce.

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Name	Price/Vol	%Chg/NChg
KSE100	131,169.71 63.87M	0.37% 483.05
ALLSHR	81,645.78 307.40M	0.42% 340.52
KSE30	40,113.85 28.72M	0.42% 168.40
KMI30	191,231.55 33.33M	0.28% 533.50
KMIALLSHR	55,156.66 149.69M	0.15% 82.51
BKTi	34,965.48 4.82M	1.15% 397.09
OGTi	28,595.77 2.67M	-0.50% -143.58

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,425.00	110,525.00 109,375.00	-990.00 -0.90%
BRENT CRUDE	68.56	68.89 68.42	-0.24 -0.35%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	-0.75 -0.76%
ROTTERDAM COAL MONTHLY	108.45	109.80 108.45	-0.55 -0.50%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.87	67.18 66.72	-0.13 -0.19%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%